St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-13
On the Chicago Board Of Trade Wheat
Was Quiet and Uninteresting
Yesterday.
There Was an Entire Lack of Specu-
lation by Parties on the
Outside.
Transactions In the Financial Circles
of Wall Street---General
Quotations.
Special to the Globe


winter wheat there was inspected in but Ga
cars. The number for the corresponding
date year ago was 104 cars. OF spring
wheat but cars were inspected in, against
40 cars year ago. year ago but 4,191
bushels of wheat were inspected out, while
to-day the figures show $40 buseelS of
winter and 20, 156 bushels Of spring, an ex-
cess of so, 444 bushels on the bull side of the
argument. To this add the fact that the visi-
BILE supply of wheat to-day is 100000
bushels less than it was one year ago, while
the amount atioat is considerably less, and
the situation becomes hopeful. One year
ago OCTOBER wheat sold at 77ssc. The
bulls declares that under the circumstances
the present figures should be fully as high as
those of twelve months ago. The weather,
as indicated on the government map, showed
that it was cloudy and rainy throughout the
West and Northwest disappointment to
those who hold that fair weather is bear
weather" The receipts of to-day are 1872
S57 bu, and shipments aggregate $50, 432
bu. From the foregoing facts, figures and
considerations it may be imagined that the
bulls were
IN PRETTY GOOD SHAPE
to take hold of to-day's market But they
were doomed 10 disappointment. October
wheat, which closed at zoe on Saturday. open
ed at T97Sc. May corn which closed at 45ssc
opened at 45l2. May wheat which closed at
zoe opened at 1850. October short ribs
opened at SS.77l2 and went to SIS. S2la. Oc-
tober corn opened 4214c and went TO 42ssc.
'Old Hutch" sold wheat to-day He did it,
as member remarked, Ito bother the boys
Doomed to a Punishment of ninety days the
shrewd old gentleman is determined that his
enemies shall not forget him if they would
OF odd Hutch'S' abilities lis an obstruction
ist when he is in an discretionary mood
many columns have been written He was
In the mood obstructive to-day, and would
have probably sold the bottom out of the
market (as one trader expressed it, if Billy
ComstOck had not been buying freely to
cover some shorts The crowd found the
most action in corn during the first hour. and
the October option was doomed to 42I2c
reacting five minutes later to 42t4@42SSc At
11:20 o'clock wheat sold at 69$4c, and
clutch" continued to
BOTHER THE BoYs.
There was 4 factor at work. however more
potent than any influence which Mr. Hutch
inson could WELD. The figures of the visi-
BILE supply were coming in rapidly, and they
were not as encouraging as the bulls had
hoped for. Hence the slight drop in wheat
and small sympathetic falling off in
corn. Promptly at noon came Secretary
fellows with The official announcement of the
fISIDIS supply HREFeS. 1nGN are rs fOllOMS:
Oats $4,000 bushels decrease: corn 10000
bushels Increase: wheat $4,000 bushels in
crease. Following is a statement of the
visible supply at This time with figures for
Wheat 1886, 44,Sz0, 2S3, 1887, 81, 210. $50:
corn, 1856, 13.617.279 1887 T106. S52:
oats, 1886, /, 62S. 0S7. 1887. /, 3S7. 972: rye
1sS6. 5a0.824, 1887. 2Sl.534; barley, 1856,
1927, G65, 1887, 4l4GSl. Although the
showing on wheat was quite as favorable as
the majority anticipated. the selling was too
vigorous to sustain prices, and at the 1
O'Clock close October wheat was stationary at
64Ssc and October corn sold at 42lSc The
afternoon session was marked by some
activity. Wheat, corn and oats were frac-
tionally lower and provisions also declined
slightly. Closing. 2:30 p. m, prices: Wheat,
69l2c October: 12$sc December; ISLE May.
Corn, Acc September; 42c October, 42I6c
December; 45$sc May. Oats. 2514c Septem-
Der; 23l2c October: 3015c May. Pork. SI2.Z5
year: S12.65 January. Lard. S657l2 Sep
tember; Se57l2 October; S652I2 December.
Short ribs, S0.92l2c September; SS.92l2c
October.
THE ROUTINE REPORT.
CHICAGO, Sept. II Wheat was quiet and
uninteresting to-day. Outside speculation
was entirely lacking. and local traders saw
no good reason for loading themselves with
the article. Prices averaged slightly lower,
and the influences tending to weaken the
market were considerably larger receipts at
minneapolis. the anticipated increase in the
Visible supply, and the posting of wheat in
New York us out of condition. Aside from
the selling of a moderate quantity early in
the day. the speculative offerings were light
and there was no special desire to realize.
October opened l5c lower at 697sc and sold
down to 69A@69SSc, at which figure it
closed. Corn was the article in which most
OF the speculation centered to-day, though it
was not as active as it might have
been. Local shorts bid the market
usually large shipments, but their
wants were all supplied by prominent local
operator, who sold very freely of both Sep
TENDER and May. The announcement of an
increase of 5000 bushels in the visible at
noon seemed to have no effect whatever
October sold at 4214c, up to 4212c, down to
42Isc, then up to 424c. and closed at the
lowest 42c.
In oats rather slow heavy market was ex-
perienced all around. Speculative trading
was very light and confined mainly to May.
Pr ices did not change materially.
dragged all day. Hogs were lower at the
yard. Scalpers unlOaded all the market
would take, and the result was a decline of
11l2c, on January pork; &c on lard and 7I2c
on January short ribs; November remaining
steady,
Shippers bought cash lard quite freely. but
the injury in meats was lighter. Short ribs
Tor for October sold at SS.70l2@s, 80 and closed
SS92l2; January at $6.50@6.55, and closed
at $500. october lard sold at So. 57l2@66O.
Pork sold at S12.60@12.7O for january and
closed at S12,57l2.
IHE QUOTATIONS.
The leading figures ranged as follows:
Nheat-No. 2. September, 6S7sc, closing at
6SAc; October, 697sc, closing at 69Ac;
November, 71l2e; closing at 71c; December,
I3c, closing at 1880. Corn-No. 9, Septem-
Der, 42Ac closing at 4115c; october, 42Ac,
closing at 42c; November, 4214c, closing at
42l5c; May, 45l2c closing at 454c Oats
No. 2, September, 251sc, closing at 25Isc;
October, 25l2c, closing at 253sc; November.
26lsc, closing at 26c: May, zoe, closing at
soc. Mess pork, per barrel-Year, S12.25,
closing at S12.25; January, S12.7O, closing
at S12.5Il2. Lard, per 100 lbs-September
$500, closing at 6.57l2; october, $500,
closing at S6.57la; November, $685., closing
S6.57l2. Short ribs. per 100 lbs.-September.
SS.I7l2, closing at S8.92I2; October So 77Ia.
closing atSS. 92I2 Jan, Sc. 80 closing Sc 47I2
Cash quotations were as follows Flour dull
and unchanged Wheat-No 2 spring, 6S5s
@69c; No. spring, 67c; No. red. 7OIa@l
7OS4c. Corn-No. 2, 417SM42c Oats-No.
2, 25@251sc. Rye-No. 2, 45I2c. Barley
No. 2, &c. Flax Seed-No. l, Sl.O7. Tim
othy Seed-Prime, S2.31@2 81. Mess pork.
per Dbl, S15.25@15.50. Lard, per 100 lbs.
S6.57l2@6.60. Short ribs sides Qoose), So 90
Shoulders, dry sailed (boxeO, So. 25@5. 35
Short clear sides (boxed), SO. 3O@935.
" hisky-Distillers' finished goods, per gal.
S1.10. Sugar--Cut loaf, 67s@7c; granulated,
6s4c; standard A 6$sc. ReceiDts-Flour,
$4,000 bbls; wheat, $4,000 bu; corn, POS,
900 bu; oats, 10000 bu; rye 5000 bu;
barley, $4,000 bu. Shipments-Flour 90
600 pbls; wheat 1872, 000 bu; corn. 6SUO0O
bu; oats, 151, 900 bu; barley, 81 900 bu On
the produce exchange to-day the butter mar
ket was steady; creamery, 17@23c; dairy,
15@19c; Eggs firm; fresh laid Northern,